Personal Finance12mo
by GroovyPenguinOracle
Suggestions to save tax ?
I am a software engineer in Bangalore having base CTC 13.8 lpa. Which brings me to a tax of more than a lakh rupees, what are the possible ways to reduce this taxed amount.
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ZestyPotato
Stealth18mo
Switch to old tax regime 😆
SillyDonut
TCS18mo
Earn more...
PerkyNoodle
Gojek18mo
I think you can save only using NPS for New Regime.
On Old regime you can use NPS, home loan, HRA and 80C to reduce tax. New Regime is suitable for people who earn 80lpa and above.
PerkyJellybean
Flyhomes17mo
I would love to understand this in a little detail please. How is new tax regime beneficial for 80lpa+?
PerkyDumpling
Stealth18mo
Be poor
SillyMochi
Stealth18mo
Not much. Start drug dealing
SwirlyTaco
PayTM18mo
Don't earn much
FloatingBanana
Sprinto18mo
You can contribute towards NPS but from an employer standpoint…it doesn’t get added to your overall income. It is under section 80 CCD2.
SleepyPickle
Stealth18mo
Pakora stand
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Personal Finance20mo
by JazzyBobaZomato
Wanted to know tax on my salary
CTC - 21.5 lpa Fixed - 16 lpa Joining Bonus - 4 Relocation - 1.5
Also tell me which regime to follow and how to save tax
Personal Finance23mo
by SillyBurritoAngel One
Dummy Rent Agreement works?
For people who lie in the 30% tax bracket, how do you save taxes?
Do you suggest making a dummy rent agreement on your parents name to save HRA?
Got to know that if monthly rent is more than 50K, the tenant has to pay TDS as well. How...
Personal Finance18mo
by PrancingNoodlePerformance Marketer
Tax Saving
How much taxes can be saved on a 40 lakhs package? I am planning to hire a CA but looking for rough estimates here. I can structure my salary in any way I want and can invest in all schemes except housing loans.